Eric bought 5 magazines. The original price of each magazine was $28. He was given 5% discount on the first magazine and 25% discount on the rest of the magazines. How much did he pay for the 5 magazines altogether?
Cost of the first magazine after 5% discount in percent
= 100% - 5%
= 95%
Cost of the first magazine after discount
= 95% x 28
=
95100 x 28
= $26.60
Number of the rest of the magazines that enjoyed 25% discount
= 5 - 1
= 4
Cost of each of the rest of the 4 magazines after 25% discount in percent
= 100% - 25%
= 75%
Cost of each of the rest of the 4 magazines
= 75% x 28
=
75100 x 28
= $21
Cost of the rest of the 4 magazines that enjoyed 25% discount
= 4 x 21
= $84
Total cost for the 5 magazines
= 26.60 + 84
= $110.60
Answer(s): $110.60